Department Of Energy Announces $30 Million For Transformational Carbon Capture Technologies

  WASHINGTON, D.C. – The U.S. Department of Energy (DOE) is announcing up to $30 million in federal funding for cost-shared research and development (R&D) under the second closing of the Office of Fossil Energy’s (FE’s) Novel and Enabling Carbon Capture Transformational Technologies funding opportunity announcement. Selected projects will support the development of solvent, sorbent, and membrane technologies to address scientific challenges and knowledge gaps associated with reducing the cost of carbon capture,…

Natural Gas Storage Report Injection Season Week 26 (Week Ending September 28, 2018)

The deficit in working storage inventories received some much needed relief as this week’s injection of 98 Bcf exceeded the market expectations that ranged from 88 Bcf to 91 Bcf. Historically, this week’s injection managed to beat both last year’s build and the five-year average, which were reported at 44 Bcf and 84 Bcf respectively. After a nearly 25 cent jump over the last three trading days of the November…

The Right To A Healthy And Safe Environment

Health, safety, and security are key concerns for all stakeholders operating in the energy and natural resources sector, and these concerns are increasingly leading to investor and boardroom decision-making against exploration, extraction, and beneficiation in certain jurisdictions. According to estimates published by the International Labour Organisation, a worker dies from a work-related accident or disease every 15 seconds, and over 300 million workers sustain non-fatal occupational injuries each year[1]. A…

Natural Gas Storage Report Injection Season Week 25 (Week Ending September 21, 2018)

Driven by a double digit withdrawal of 11 Bcf in the South Central region, this week’s injection of 46 Bcf was thin yet again. Market expectations ranged from 52 Bcf to 61 Bcf, so this bullish build has managed to increase the storage inventories deficit to over 600 Bcf against the five-year average yet again. Even with the anticipated impact of Hurricane Florence lowering the demand for gas-fired electricity generators,…

Energy Newsletter – September 2018

A Texas Federal Judge Turns Up the Heat on Oil Companies Facing Climate Change-Related Securities Class Actions – On August 14, 2018, the United States District Court for the Northern District of Texas issued a surprisingly shareholder-friendly opinion denying a motion to dismiss filed by Exxon Mobil Corp. See Ramirez v. Exxon Mobil Corp., et al., Civ. No. 3:16-CV-3111-K. The shareholders alleged that Exxon and its management team (including Rex…

Natural Gas Storage Report Injection Season Week 24 (Week Ending September 14, 2018)

Despite the run-up to over $2.90/MMBtu on the current contract month, the market isn’t expected to see much movement today as this week’s injection of 86 Bcf came in mostly in line, if not slightly bearish, with the market expectation of 84 Bcf. Today’s build came up noticeably short of last year’s injection of 96 Bcf as well, yet managed to surpass the five-year average of 76 Bcf at the…

Currents: Energy Industry Insights September 2018

U.S. Army Corps Stands by Permit for Dakota Access Oil Pipeline – “The U.S. Army Corps said that a permit it granted for the Dakota Access Pipeline last year was environmentally sound, handing a setback to tribal and green groups hoping to stop the flow of oil on the pipeline.” Why this is important: After review ordered by a federal district judge, the U.S. Army Corps of Engineers reaffirmed the…

Natural Gas Storage Report Injection Season Week 23 (Week Ending September 7, 2018)

The injection of 69 bcf fell in line with several survey ranges, most notably with Reuters (60-76) and EBW Analytics Group who accurately forecasted the below than average build number. The injection is less than the 87 BCF reported this time last year as well as the 5 year average of 76 bcf. Per NGI, this is due to the impending impact of Hurricane Florence as it approaches land. There…

Renewable Energy Update: September 2018

Focus California rejects regional grid bill SOLAR INDUSTRY MAGAZINE – Sep 4 Assembly Bill 813 , a bill that sought to expand California’s electric grid and integrate it with the transmission systems of neighboring states, was rejected on Friday by the California legislature, which adjourned without passing the bill. Though a regional grid would help all participants integrate more clean energy, it would have been particularly helpful in California, where excess clean…

Natural Gas Storage Report Injection Season Week 22 (Week Ending August 31, 2018)

As expected, the injection of 63 Bcf for this week fell right in line with what the market was looking for at 62 Bcf. On top of that, this unsurprising build ended up in the same vicinity of last year’s value and the five-year average, which were reported at 60 Bcf and 65 Bcf respectively. It is certainly apparent that shoulder season is in effect already, and the decrease in…